Price Target Changed • Mar 04
Price target decreased by 7.7% to AU$0.24 Down from AU$0.26, the current price target is provided by 1 analyst. New target price is 281% above last closing price of AU$0.063. Stock is up 11% over the past year. The company is forecast to post earnings per share of AU$0.006 for next year compared to AU$0.0038 last year. Reported Earnings • Feb 25
First half 2026 earnings released: EPS: AU$0.001 (vs AU$0.002 in 1H 2025) First half 2026 results: EPS: AU$0.001 (down from AU$0.002 in 1H 2025). Revenue: AU$50.8m (up 8.7% from 1H 2025). Net income: AU$755.0k (down 24% from 1H 2025). Profit margin: 1.5% (down from 2.1% in 1H 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Professional Services industry in Australia. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 9% per year. Ankündigung • Sep 01
Veris Limited, Annual General Meeting, Oct 21, 2025 Veris Limited, Annual General Meeting, Oct 21, 2025. Ankündigung • Aug 27
Veris Limited announces Annual dividend, payable on October 14, 2025 Veris Limited announced Annual dividend of AUD 0.0020 per share payable on October 14, 2025, ex-date on September 26, 2025 and record date on September 29, 2025. Reported Earnings • Aug 27
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: AU$0.004 (up from AU$0.009 loss in FY 2024). Revenue: AU$97.2m (up 5.0% from FY 2024). Net income: AU$1.95m (up AU$6.64m from FY 2024). Profit margin: 2.0% (up from net loss in FY 2024). The move to profitability was primarily driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 10%. Revenue is forecast to grow 3.7% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Professional Services industry in Australia. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Ankündigung • Jul 24
Veris Limited to Report Fiscal Year 2025 Results on Aug 26, 2025 Veris Limited announced that they will report fiscal year 2025 results on Aug 26, 2025 Reported Earnings • Feb 26
First half 2025 earnings released: EPS: AU$0.002 (vs AU$0.001 in 1H 2024) First half 2025 results: EPS: AU$0.002 (up from AU$0.001 in 1H 2024). Revenue: AU$46.8m (down 3.2% from 1H 2024). Net income: AU$998.0k (up 212% from 1H 2024). Profit margin: 2.1% (up from 0.7% in 1H 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Professional Services industry in Australia. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Ankündigung • Jan 30
Veris Limited (ASX:VRS) executed a Share Sale Agreement to acquire to acquire Spatial Vision Innovations Pty Ltd for enterprise value of AUD 3 million. Veris Limited (ASX:VRS) executed a Share Sale Agreement to acquire to acquire Spatial Vision Innovations Pty Ltd for enterprise value of AUD 3 million on January 30, 2025. Veris will pay the vendors of Spatial Vision a mix of cash and scrip consideration of up to AUD 3 million on an enterprise and debt-free basis. Initial consideration to be paid at settlement AUD1.5 million in cash subject to customary net cash/debt and working capital adjustments; and AUD 0.5 million in Veris shares to be determined based on an issue price of
the higher of the 20-day VWAP prior to the date of issue and AID0.03 per share. VRS shares issued at settlement will be subject to 12 months voluntary escrow. Milestone consideration payments as follows, AUD 0.5 million subject to achievement of FY26 Milestone Hurdle, AUD 0.5 million subject to achievement of FY27 Milestone Hurdle. Completion is subject to a number of conditions precedent which are considered customary for a transaction of this nature and is expected to occur by early March 2025. Ankündigung • Jan 28
Veris Limited to Report First Half, 2025 Results on Feb 24, 2025 Veris Limited announced that they will report first half, 2025 results on Feb 24, 2025 Price Target Changed • Jan 06
Price target increased by 188% to AU$0.23 Up from AU$0.08, the current price target is provided by 1 analyst. New target price is 411% above last closing price of AU$0.045. Stock is down 33% over the past year. The company is forecast to post earnings per share of AU$0.004 next year compared to a net loss per share of AU$0.0091 last year. New Risk • Nov 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (123% payout ratio). Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$21.9m market cap, or US$14.5m). Reported Earnings • Aug 27
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: AU$0.009 loss per share (down from AU$0.002 profit in FY 2023). Revenue: AU$92.6m (down 8.2% from FY 2023). Net loss: AU$4.69m (down AU$5.76m from profit in FY 2023). Revenue missed analyst estimates by 8.2%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 7.5% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Professional Services industry in Australia. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Ankündigung • Aug 26
Veris Limited, Annual General Meeting, Oct 15, 2024 Veris Limited, Annual General Meeting, Oct 15, 2024. Ankündigung • Aug 21
Veris Limited Appoints Jason Waller CSC as Non-Independent Non-Executive Director Veris Limited announced the appointment of highly experienced business leader, Mr. Jason Waller CSC to its Board as a Non-Independent Non-Executive Director. Mr. Waller Has Consistently Exhibited Significant Leadership Abilities Across A 35-Year Working Career. over This Time, He Has Helped A Number of Emerging Technology and Digital Sector Companies Successfully Upscale Their Businesses, Including Particular Expertise Operating in the Spatial Industry Segment. Mr. Waller Was CEO of Spookfish Ltd, Where He Was Instrumental in Developing and Implementing Short and Long-Term Strategies Delivering Shareholder Value. His Efforts Led to Significant Growth for the Company and the Successful Disruption of Traditional Markets. These Skills Will Be Invaluable to Veris as the Company Continues to Implement A Digital Strategy, Which Is Underpinning A Pivot into Higher Margin Consultancy and Strategic Advisory Services. Mr. Waller Has Also Held Senior Executive Roles in Groups Like Smartcty Pty Ltd. and Intelicare Holdings That Successfully Commercialised Data Analytics, Technologies, Ai/Iot, and Saas Products. Mr. Waller Has Also Worked for Major Companies Including General Electric and Aurizon, Where He Held Senior Management Positions. Mr. Waller Previously Enjoyed A Long and Distinguished Career with the Royal Australian Air Force and Was Awarded the Conspicuous Service Cross (Csc) in the 2009 Australia Day Honours List for His Contribution to the Air Force's Pilot Training Capability. This Strong Background in Defence Is Expected to Support Veris' Efforts to Penetrate This Critical Industry Sector. Mr. Waller Is Currently an Advisory Board Member for Black Nova Venture Capital, and A Non-Executive Director of Spinifex Brewery Pty Ltd. His Previous Board Experience Includes Intelicare Holdings Ltd, Spookfish Technologies and Executive Chair of Smartcty Pty Ltd. Buy Or Sell Opportunity • Aug 20
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to AU$0.044. The fair value is estimated to be AU$0.057, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.2% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 6.9% in a year. Earnings are forecast to grow by 281% in the next year. Buy Or Sell Opportunity • Jul 31
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to AU$0.042. The fair value is estimated to be AU$0.055, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.2% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 6.9% in a year. Earnings are forecast to grow by 281% in the next year. Buy Or Sell Opportunity • Apr 30
Now 22% overvalued Over the last 90 days, the stock has fallen 16% to AU$0.059. The fair value is estimated to be AU$0.049, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.2% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 6.9% in a year. Earnings are forecast to grow by 281% in the next year. Buy Or Sell Opportunity • Mar 14
Now 25% overvalued Over the last 90 days, the stock has fallen 3.2% to AU$0.06. The fair value is estimated to be AU$0.048, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.2% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 6.9% in a year. Earnings are forecast to grow by 281% in the next year. New Risk • Mar 13
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 123% Dividend yield: 2.7% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (123% payout ratio). Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (AU$30.6m market cap, or US$20.2m). Reported Earnings • Feb 27
First half 2024 earnings released: EPS: AU$0.001 (vs AU$0.001 in 1H 2023) First half 2024 results: EPS: AU$0.001 (in line with 1H 2023). Revenue: AU$48.3m (down 7.9% from 1H 2023). Net income: AU$320.0k (down 58% from 1H 2023). Profit margin: 0.7% (down from 1.4% in 1H 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Ankündigung • Feb 01
Veris Limited to Report First Half, 2024 Final Results on Feb 26, 2024 Veris Limited announced that they will report first half, 2024 final results on Feb 26, 2024 Reported Earnings • Aug 30
Full year 2023 earnings released: EPS: AU$0.002 (vs AU$0.001 in FY 2022) Full year 2023 results: EPS: AU$0.002 (up from AU$0.001 in FY 2022). Revenue: AU$100.9m (up 9.2% from FY 2022). Net income: AU$1.07m (up 110% from FY 2022). Profit margin: 1.1% (up from 0.6% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 129% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Ankündigung • Aug 29
Veris Limited, Annual General Meeting, Oct 18, 2023 Veris Limited, Annual General Meeting, Oct 18, 2023. New Risk • Aug 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (AU$41.5m market cap, or US$26.7m). Ankündigung • Aug 28
Veris Limited Has Declares Dividend for Twelve Months Ended June 6, 2023, Payable on November 7, 2023 Veris Limited has declared dividend for twelve months ended June 6, 2023 of AUD 0.00150000, payable on November 7, 2023. Ex. date is September 18, 2023 and record date is September 19, 2023. Ankündigung • Aug 18
Veris Limited to Report Fiscal Year 2023 Results on Aug 28, 2023 Veris Limited announced that they will report fiscal year 2023 results on Aug 28, 2023 Reported Earnings • Feb 28
First half 2023 earnings released: EPS: AU$0.001 (vs AU$0.003 loss in 1H 2022) First half 2023 results: EPS: AU$0.001 (up from AU$0.003 loss in 1H 2022). Revenue: AU$52.5m (up 23% from 1H 2022). Net income: AU$759.0k (up AU$2.27m from 1H 2022). Profit margin: 1.4% (up from net loss in 1H 2022). Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director David Murray was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Aug 30
Veris Limited, Annual General Meeting, Oct 19, 2022 Veris Limited, Annual General Meeting, Oct 19, 2022. Reported Earnings • Aug 30
Full year 2022 earnings released Full year 2022 results: Revenue: AU$92.4m (down 7.2% from FY 2021). Net income: AU$510.0k (up AU$1.89m from FY 2021). Profit margin: 0.6% (up from net loss in FY 2021). The move to profitability was driven by lower expenses. Ankündigung • Aug 10
Veris Limited to Report Fiscal Year 2022 Results on Aug 29, 2022 Veris Limited announced that they will report fiscal year 2022 results on Aug 29, 2022 Ankündigung • Jul 20
Veris Limited Provides Earnings Guidance for the Full Year 2022 Veris Limited provided earnings guidance for the full year 2022. For the period, the company expected to deliver a small net profit before tax result, up from a $2.3 million loss in fiscal year 2021. Ankündigung • May 31
Veris Limited Announces Board Changes, Effective 1 June 2022 Veris Limited announced changes to the composition of its Board of Directors. After 11 years serving as Managing Director and a Non-Executive Director of Veris Limited and its forerunner OTOC Limited, Adam Lamond has determined that now is an appropriate time to resign as a Non-Executive Director as of 1 June 2022. The CEO of Veris Australia Pty Ltd, Michael Shirley is to be appointed as Managing Director of Veris Limited, and will join the Board of Veris Ltd. as at 1 June 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director David Murray was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Apr 12
Independent Non-Executive Chairman recently bought AU$130k worth of stock On the 8th of April, Karl Paganin bought around 2m shares on-market at roughly AU$0.065 per share. In the last 3 months, there was an even bigger purchase from another insider worth AU$320k. This was Karl's only on-market trade for the last 12 months. Board Change • Apr 06
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director David Murray was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Mar 29
Veris Limited Announces Appointment of Tracey Gosling as Non Executive Director Veris Limited announced the appointment of Ms. Tracey Gosling to the Board as a Non-Executive Director. Ms. Gosling is a Non-Executive Board Director of Geoscape Australia and a member of the Investment Committee. Ms. Gosling is also a member of the Australian Institute of Company Directors GAICD, and has previously served on numerous Government Committees focusing on areas of corporate risk, strategy, performance and disaster response planning. Recent Insider Transactions • Mar 11
Insider recently bought AU$320k worth of stock On the 3rd of March, Frank Cooper bought around 4m shares on-market at roughly AU$0.078 per share. In the last 3 months, they made an even bigger purchase worth AU$387k. Insiders have collectively bought AU$923k more in shares than they have sold in the last 12 months. Ankündigung • Feb 28
Veris Limited to Report First Half, 2022 Results on Feb 28, 2022 Veris Limited announced that they will report first half, 2022 results on Feb 28, 2022 Recent Insider Transactions • Dec 24
Insider recently bought AU$387k worth of stock On the 20th of December, Frank Cooper bought around 6m shares on-market at roughly AU$0.07 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$654k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Oct 15
Independent Non-Executive Director recently bought AU$139k worth of stock On the 12th of October, David Murray bought around 2m shares on-market at roughly AU$0.07 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$52k more in shares than they have sold in the last 12 months. Reported Earnings • Aug 31
Full year 2021 earnings released: AU$0.003 loss per share (vs AU$0.061 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: AU$99.6m (up 5.8% from FY 2020). Net loss: AU$1.38m (loss narrowed 94% from FY 2020). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Aug 19
Insider recently bought AU$60k worth of stock On the 16th of August, Frank Cooper bought around 850k shares on-market at roughly AU$0.07 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold AU$94k more in shares than they bought in the last 12 months. Ankündigung • Jul 16
Veris Limited (ASX:VRS) completed the acquisition of 49% stake in Wumara Group PTY LTD. Veris Limited (ASX:VRS) entered into a share sale and purchase agreement to acquire 49% stake in Wumara Group PTY LTD for $0.2 million on July 9, 2021. As part of consideration, Veris will pay $0.18 million in cash and $0.02 million in shares. The consideration shares will also be restricted for 12 months following settlement. Wumara Group will continue to be 51% Indigenous owned and led by Managing Director Dylan Frank and 49% owned by Veris. The transaction is expected to complete on or around July 15, 2021.
Veris Limited (ASX:VRS) completed the acquisition of 49% stake in Wumara Group PTY LTD on July 15, 2021. Veris Limited issued 277,718 new fully paid ordinary shares as part of consideration. Executive Departure • Jun 02
Independent Non-Executive Director has left the company On the 1st of June, Thomas Lawrence's tenure as Independent Non-Executive Director ended after 9.6 years in the role. As of March 2021, Thomas personally held 13.14m shares (AU$355k worth at the time). A total of 2 executives have left over the last 12 months. Ankündigung • May 21
Veris Limited has completed a Follow-on Equity Offering in the amount of AUD 7.4955 million. Veris Limited has completed a Follow-on Equity Offering in the amount of AUD 7.4955 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 100,792,857
Price\Range: AUD 0.07
Discount Per Security: AUD 0.0042
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 6,285,713
Price\Range: AUD 0.07
Discount Per Security: AUD 0.00175
Transaction Features: Subsequent Direct Listing Ankündigung • Feb 26
Veris Limited has completed a Follow-on Equity Offering in the amount of AUD 7.4955 million. Veris Limited has completed a Follow-on Equity Offering in the amount of AUD 7.4955 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 100,792,857
Price\Range: AUD 0.07
Discount Per Security: AUD 0.0042
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 6,285,713
Price\Range: AUD 0.07
Discount Per Security: AUD 0.00175
Transaction Features: Subsequent Direct Listing Ankündigung • Dec 15
Aqura Technologies Signs Multi Year Agreement with Bunnings Veris Limited announced that its wholly owned subsidiary, Aqura Technologies, has signed a multi-year agreement with Bunnings to support Unified Communications upgrades across their network of over 330 stores throughout Australia. The focus of the contracted works will involve implementing a more cost-effective enterprise-wide communications capability throughout Bunnings' national network of stores, and greatly reduce administration through migrating from site-based infrastructure to a Unif ied Communications as a Service (UCaaS) platform. The multi-year agreement is expected to generate approximately $1.9 million in revenue for Aqura over the duration of the initial three-year upgrade program which also includes scope for a further two-year extension option. The agreement demonstrates further recognition of Aqura's national capability to deliver customer-focused solutions and further adds to Aqura's track record in Unified Communications technology products and services. Aqura will be supporting the Bunnings technology team with a migration model, which will then be applied to progressively upgrade stores across the country. Aqura will also provide ongoing support throughout the three (+ two) year program. The Aqura team worked with Bunnings' stakeholders to design the optimal solution to meet Bunnings' objectives. The solutions to be implemented will incorporate the Mitel UCaaS telephony platform, leveraging the capability and expertise of Aqura to bring together the most optimal suite of solutions dep endent upon individual client requirements. The Bunnings award complements the recent completion of a sizeable upgrade for ATCO where Aqura migrated a latest-generation cloud UCaaS platform. These two significant multi-year projects for blue-chip clients further demonstrate Aqura's internal development of products to support the transition to a recurring revenue model. Ankündigung • Nov 27
Veris Limited Announces the Change of Company Secretary Veris Limited announced that Lisa Wynne has resigned as Company Secretary. Steven Harding, Veris' Chief Financial Officer, has been appointed as Interim Company Secretary. For the purposes of ASX Listing Rule 12.6 Steven Harding is also the person responsible for communication between the Company and ASX. The changes are effective 27 November 2020. Recent Insider Transactions • Oct 22
Insider recently sold AU$216k worth of stock On the 16th of October, Chapman Graeme sold around 6m shares on-market at roughly AU$0.035 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought AU$226k more than they sold in the last 12 months.